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Friday, November 15, 2024

North Potomac home prices fall in January 2018

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The median sale price of a home sold in January 2018 in North Potomac fell by $50,000 while total sales decreased by 30.8%, according to BlockShopper.com.

In January 2018, there were nine homes sold, with a median sale price of $730,000 - a 6.4% decrease over the $780,000 median sale price for the same period of the previous year. There were 13 homes sold in North Potomac in January 2017.

The median sales tax in North Potomac for the most recent year with available data, 2016, was $7,380, approximately 1% of the median home sale price for January 2018.

The following table compares North Potomac to other Montgomery County cities with similar median sales prices in January 2018:

CityJan. 2018 Home SalesJan. 2017 Home Sales% change (Total Home Sales)Jan. 2018 Median Sales PriceJan. 2017 Median Sales Price% change (Median Sales Price)
Chevy Chase819-57.9%$1,015,000$990,0002.5%
Brookeville10-$925,000$0-
Potomac453818.4%$920,000$867,5006.1%
Travilah1315-13.3%$834,500$1,006,634-17.1%
Cabin John10-$780,000$0-
North Potomac913-30.8%$730,000$780,000-6.4%
Darnestown8714.3%$717,500$695,0003.2%
South Kensington1115-26.7%$695,000$690,0000.7%
Rossmoor10-$670,000$0-
Washington Grove10-$638,000$0-
Garrett Park63100%$610,500$629,000-2.9%

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